Thomas Cook India

Thomas Cook Q4 FY23 Result Update:

• Given the strong forward booking funnels, across business segments geographies, we are confident of a strong performance in the coming quarters as well.
• Q1 and Q2 of FY24 are expected to be stronger as the travel business, hospitality, and forex businesses ramp up and volumes improve across the board.
• Opening up of the Chinese market: 2 major attractions in Beijing and Shanghai are now accessible to DEI But, their profit sharing arrangement led to Thomas Cook bearing a higher cost for the quarter However, the business from China can be 2 5 x 3 x in the future once it has fully operationalized.
• The company expects more profits from travel segment in FY24.